Russian President Vladimir Putin has approved the sale of HSBC's Russian division to Expobank, paving the way for the British bank's complete withdrawal.
Petru Nicolaescu
International
Helen Sessions / Alamy / Alamy / Profimedia
Always see our news on Google
Putin's decision comes as Moscow has imposed increasingly tough restrictions on foreign asset sales, with banks needing its approval for such deals. But approval does not guarantee the deal will succeed, as was the case with another bank that got presidential approval but failed to complete the transaction.
Sources
Latest News
18:51
The Swedish Security Service announced the thwarting of a Russian espionage operation aimed at discrediting Sweden, NATO, and the EU.
18:42
Galați: The contract for the modernization of the Berheci-Brăhășești road axis has been signed, worth 111 million lei.
18:31
Putin is traveling in Siberia for the third time in less than three weeks.
18:20
The Galați City Hall has started the works for a modern palliative care unit at the 'Buna Vestire' Hospital, with a value of 19 million lei.
18:04
The French government announces that almost 70% of the territory is affected by restrictions on water use due to severe drought.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
